Nick Bunker is an Economist at the Indeed Hiring Lab who focuses on the U.S. labor market. He was previously a Senior Policy Analyst at the Washington Center for Equitable Growth, an economics think tank. Prior to that, Nick was a Research Assistant at the Center for American Progress. He holds a B.S.F.S. in international economics from Georgetown University.
The US economy added 130,000 jobs in August, and the unemployment rate was flat at 3.7%.
A slowdown in employment-rate growth doesn’t necessarily mean the labor market is heading for a downturn, but continued deterioration could be a warning sign.
June marks the 16th straight month where job openings outnumbered unemployed workers.
In a strong labor market, it’s tough for employers to turn job openings into hires. But raising pay faster can help fill open slots.
There are roughly 1.3 open jobs for each unemployed worker
The Indeed Hiring Lab is an international team of economists who provide insights that help drive the global labor market conversation.
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